HMRC
Over 1 million Brits to be dragged into higher tax bands by 2027
Clients encouraged to make more efficient use of allowances
Cost of pension tax relief surpassed £50bn in 2021-22
But this should not become a justification for cuts
Interest on overdue IHT payments soars to 6%
It has more than doubled in a year
Cost-of-living crisis triggers 23% surge in taxable pension withdrawals
£3.6bn was taken in the first quarter of this financial year
HMRC to rake in £1.7bn from Autumn Statement tax avoidance crackdown
Investigations are an ‘open door’ the Treasury can continue to push